As a buyer I like paypal, and look for it before bidding. I have bid on and won auctions that I couldn't use it on, and had no problems with the sellers.
Who has a roll (or 2) of ASEs they want to sell?
List 5 with the paypal option, and 5 without. Also try 5 with it in the discription that an extra 1.5% will be added if paypal is used. And check the results. Same coin, same year, same seller. Even the same set of pictures.
It would be a good test. pz
(Old man) Look I had a lovely supper, and all I said to my wife was, “That piece of halibut was good enough for Jehovah”.
(Priest) BLASPHEMY he said it again, did you hear him?
Dick, I wouldn't lose a minute's sleep over it. If a collector or dealer truly wants a given coin, whether or not the seller takes Paypal should be irrelevant. Especially when the seller has a positive reputation.
Most stuff I buy on Ebay is sort of for fun, so it's just easier to only bid using Paypal. With the ease-of-use plus protection, frankly I could care less if I had to paid the fee, instead of the seller. I'd really have to NEED something to bid without PayPal---of coarse, like those who are lazy and semi-rich, I never bother the seller with stupid questions on the issue.
I'm another one of those people who've said they won't bid on a non-PayPal auction. I've said this because in dealing with online purchases (Amazon, Ebay, or whatever) one has to have a rule. Just like I wouldn't give my credit card to a site that wasn't encrypting the data in transit, I won't place a bid on an auction where PayPal isn't offered as a payment method. I've been burnt before by money orders, and it's far too easy to imagine a scenario where you send a check and never get the merchandise. This is not meant as an affront to anyone's personal integrity. It's just a statement of reality: 999 times out of 1000, you don't personally know the person whose item you're bidding on. Sending a check or m/o in that situation is a huge leap of faith. I'd rather be charged a fee for that protection than not to have it.
I fully realize that it's up to every seller to decide how to sell their wares. If someone doesn't want to use PayPal, that's their choice. But the choice needs to be made with the realization that going the check or m/o route will put them in a category of sellers from which wary customers simply won't buy -- regardless of how personally trustworthy they may be. Until someone actually has a transaction with you, you're a name on a computer screen to them, and that's all you can be, realistically.
If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.
I'll bid if I have to pay with a check/MO, but it will cause me to think over the purchase more--is it worth the effort to write a check or go buy a money order?
That said, let's say you sell something for $100. If you accepted paypal, perhaps you got one more bidder to knock it up to $105. After PayPal takes their 2.9% + $.30, your net is 101.66. Perhaps that's not a terribly large amount, but in the long run, it can add up, and perhaps on lower priced items, the additional net will be more than 5%... maybe a few extra bidders bid it to $120 or more.
The point is, mathematically, it doesn't take much of a final price increase for PayPal to be worth it--whether it means breaking even, making a bit more, or perhaps even losing a small amount on some items in the name of giving the customer peace of mind. I'd say some 90%+ of my auctions are paid for with PayPal, many of them within hours of the auctions' close. This means I can print labels quickly, and ship with the items being received in the time it would take for a check to make it to my PO Box. The customer's have peace of mind, they like the fast shipping, and many come back again and again. This all seems worth it to me, but I'm not going to tell anyone how to run their business. That's their choice, and each choice comes with its own ramifications.
I agree with all those on the side of paypal, I won't bid on an auction which does not except paypal, maybe the right coin I would. but not interested in non paypal auctions.
I just purchased a coin from Great Toning on Ebay. Paid with a MO and recieved the coin with no problem. In 8 years of buying on Ebay I've been ripped off once, on a roll of 1972-P Ikes for $50. In that case it was a seller with low (<10) feedback so there was a red flag that I now heed when scrutinizing a seller. Am I that unusual that I have had few problems? Since then I stick with people with good transaction histories and have not had a problem. If they take Paypal, fine...if they don't fine. I say more power to the people who won't buy from sellers not taking Paypal. Just means less competition. With certain coins you can't always say you'll wait for the seller who takes Paypal and I'm not sure I buy the "sellers with extensive histories and good feedback all of the sudden running for the hills with buyers money". When I sell I take Paypal on transactions under a few hundred dollars unless I know the buyer. If I don't know the buyer and its an expensive coin then I don't take Paypal. On real expensive stuff I don't take it at all. When you are selling an item that the serious buyers know they might not see again for several years (or ever) they'll step up to the plate....trust me. Rare VAMs will do it. Common stuff....maybe.
I'm just amazed at the emotion and, in some cases, the vitriol this issue seems to have generated.
Sheesh! If you don't want to bid, don't. What's the need to publicly throw a tantrum about it?
For those who sell a lot of generic coins, I can see the positive aspects of paypal. OTOH, certain items have a small margin and can cost several hundred dollars or more, paypal plus ebay fees can easily mean a net loss.
Bullion comes to mind here. Now lately, the eBay sheep have been bidding crazy numbers, but in the past that simply wasn't true.
When a 100 ounce Englehard silver bar was going for around $700 plus, those fees could easily mean a net loss. Sorry, but I'm not taking a loss just to be convenient to buyers.
In fact, when I'm looking at bullion, I'm surprised to see as many sellers taking paypal as there are. Most who sell larger quantities don't and it's perfectly understood. So I write a check, or I pick up a couple of Postal Money Orders. Sometimes I've gotten some great deals at below spot. I guess I have the snooty crowd who turn up their noses because of no paypal to thank for that.
Still, it's a free country, at least for a while longer. I just don't see the need to get all worked up over it.
Frankly, I'm willing to bet that if it's an item you want badly enough and the price is right for you, even the most vociferous on this thread would find a way to pony up with a check or a money order.
There's a huge liquor store, with several branches, here in Houston. They take CASH!! They list separate prices and if you just have to use a credit card, you'll pay 5-6% more. You'd be surprised at how many people seem to have no problem dealing on a cash only basis and I've seen large purchases for many hundreds of dollars from the majority of the people in line in front of me on a repeating basis. Been that way for years and years now. Convenience to the customer doesn't seem to mean much in their case and they are constantly packed and builiding new stores all the time.
Whatever happened to live and let live?
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i> As a buyer I like paypal, and look for it before bidding. I have bid on and won auctions that I couldn't use it on, and had no problems with the sellers.
Who has a roll (or 2) of ASEs they want to sell?
List 5 with the paypal option, and 5 without. Also try 5 with it in the discription that an extra 1.5% will be added if paypal is used. And check the results. Same coin, same year, same seller. Even the same set of pictures.
It would be a good test. pz >>
No it wouldnt. Even if you run two identical auctions the prices can and will be different. It all depends on who sees the auction and who bids. For this experiment to even be semi-accurate each listing type (with Paypal, without Paypal etc) would need to have a price based on an average. Only then could you compare the benefits and consequences of different TOS.
<< <i> When a 100 ounce Englehard silver bar was going for around $700 plus, those fees could easily mean a net loss. Sorry, but I'm not taking a loss just to be convenient to buyers. >>
That's a different case, where there's not much profit to be had, and the item is not unique/has a set value. For those auctions, I might not take paypal. But we're talking unique items here, or ones where buyers have a choice to spend a few more dollars for their own convenience, which I'm convinced many do.
<< <i>where buyers have a choice to spend a few more dollars for their own convenience, which I'm convinced many do. >>
There are dozens of buying habits studies that demonstrate precisely that. Beyond the convenience factor increasing realized prices, there is also the impulse buying factor. It's a fact that buyers are willing to stretch a little further when they have the plastic option. These are powerful forces, and the business that ignores this is not maximizing revenue.
<< <i>There are two sides to every argument. <a class=ftalternatingbarlinklarge href="http://www.paypalsucks.com/" target=blank>Here's another.</A> >>
PayPalSucks is a sham site. The sole purpose of the site is to sell another service to you. See a critque here.
I'm not suggesting that PayPal is perfect, and that bad things don't happen, or that it's right for every sale. If you've got an item worth thousans (or even into the high hunreds) maybe the math doesn't work for you. I'm not a heavy-hitter that would be bidding on such items, anyway. But if I was, I imagine I'd be doing it through a offline auction, or at a show, where I could get the coin in hand as the transaction ended. Writing a check for that kind of money to a name on a computer screen (any name on a computer screen) doesn't make sense to me.
If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.
<< <i>Interesting point. Can you pick and chose when to take PAYPAL? >>
Sure--choose for each auction. That could be confusing to buyers, though, who don't know when they can or can't pay with PayPal/combine items.
Very rarely have I said no to taking it. But as I mentioned before, I never really see you sell things that are common enough where someone would go elsewhere to buy the same thing.
It's just like high shipping--I'm much more likely to pass on something (in fact, I just did) if there's high shipping in the unlikely event of a return, or if I simply think it's gouging and I don't have to have the item. Same thinking, quick payment which means I get the coin faster can persuade me to bid when I'm on the fence.
Dick, I have purchased from you in the past (about 4 years ago). Honestly, there have been a few coins in the meantime I would have bid on, but the nice ones seem to always appear when I don't have the moola. Paypal lets me play at those times. I bought a cool Walker last weekend on the 'bay with ppal, and it arrived on Wednesday. As a buyer, I like that. Like that a lot. Give it a try, Dick. You might find it doesn't really change your bottom line, and the convenience provided your customers may be well worth it. You are one of the very few sellers I have bookmarked anymore, but all I've been doing lately is lookin'.
"Accepting PayPal, (or credit cards for that matter), increases revenue more than enough to compensate for the fees involved. Anybody who argues otherwise is delusional."
I usually agree with Russ, but I only partially agree with this statement.
A. For a generic coin dealer this is nearly 100% true. B. For a specialty dealer this is not true. Dick is a specialty dealer and that is why he thinks as he does.
Why is B true for some dealers? Simply stated, the coins that Dick offers are unusual and appeal only to a finite audience. Let me give you a perfect example: would accepting PAYPAL increase bids on a MS 65 Walker with crazy color that is selling at $850??? I think not. Quite simply, there is a small, dedicated audience that consistently buy similar unusual coins and they are not influenced by PAYPAL. They are driven solely by an intense -- make that addictive -- desire to own THIS SPECIFIC coin. So, while PAYPAL works wonders and increases sales if you sell brilliant DCAMs, BU frankies, MS 64 Morgans, or other generic coins, it does not increase the sales of someone who sells specialty coins.
BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? Moreover, he would have to back charge it to those who consign to him to cover his costs. Overall, for a specialty dealer, there is NO BENEFIT TO PAYPAL, only less profit.
"You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68." rainbowroosie April 1, 2003
dick, the solution is to possibly have your consigners set up there own paypay accounts if they want to try and maximize their profits and then your bottom line may also be better seeing that youll supposedly have more bidders. hows this soundpeople?
On a big ticket item (no exact value but say greater than $1000) I'll never take Paypal through a credit card. Have I had a problem with accepting Paypal up to this point....no, but, the risk of someone doing a chargeback months down the road and my not getting the coin back is more important to me than possibly getting a few more dollars on the top end. You can do everything right as a seller but you are still vulnerable with a Paypal credit card payment. I still think on hard to find items its not going to have as much affect as with items that are available from many sources.
<< <i>For a specialty dealer this is not true. Dick is a specialty dealer and that is why he thinks as he does. >>
If that were actually true, then no specialty retailer in any industry would accept credit cards. Afterall, why would they do so if it's costing them money instead of making them money? The answer is simple. It's making them money. Every study ever done across all industries proves conclusively that accepting credit cards increases sales more than enough to compensate for the fees.
<< <i>BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? >>
Because if he accepted PayPal, he'd probably get $1100 for the coin. Your "finite" market has plenty of buyers who will stretch a little further if they can put the purchase on plastic. Not only is this common sense, it is demonstrably a fact.
Simply stated, the coins that Dick offers are unusual and appeal only to a finite audience. Let me give you a perfect example: would accepting PAYPAL increase bids on a MS 65 Walker with crazy color that is selling at $850??? I think not. Quite simply, there is a small, dedicated audience that consistently buy similar unusual coins and they are not influenced by PAYPAL. They are driven solely by an intense -- make that addictive -- desire to own THIS SPECIFIC coin. So, while PAYPAL works wonders and increases sales if you sell brilliant DCAMs, BU frankies, MS 64 Morgans, or other generic coins, it does not increase the sales of someone who sells specialty coins.
BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? Moreover, he would have to back charge it to those who consign to him to cover his costs. Overall, for a specialty dealer, there is NO BENEFIT TO PAYPAL, only less profit. >>
I don't have pay pal and don't trust any company that will not accept you as a customer unless you give them a checking account number. Credit cards are much safer and have less risk than checking accounts, so I just simply won't apply for something that would leave me at risk. If the seller only takes pay pal they limit their sales. Too bad for them. In the end they probably are the main loser because they limit the bidding. I am sure what ever they have for sale, someone else will have, too.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Even the toned coins that Dick sells appeal to those that prefer Paypal. I tend to agree with the crowd that expensive toners appeal to either specialists or impulse buyers and Paypal is a facilitator for impulse buyers. It just is.
There is an absolute distinct difference between a local specialty retailer and an eBay seller. Of course the local business must take credit cards. People are generally leaving with their merchandise immediately. Remember too your CC's are part of the banking sytem, Paypal is not. It's more or less a go between.
On eBay, no matter how you pay, your're not receiving your coins (or whatnot) for a few days, thus the immediacy is negated and the need of paying via Paypal not necessary.
Rainbowroosie provides the winning argument. Between the phishing emails and false chargebacks and fraud I think it's going to get worse way before it ever gets better.
Bottom line: If greattoning's business was not flourishing- with no thanks to Paypal, he wouldn't be as busy as he is selling more coins in a week than most of us here in a month or more.
He's doing a lot right and nothing wrong- including not accepting Paypal.
Besides, rumor has it VISA is tired of seeing Paypal make the money they do (on their product!) and are advancing with their own formula to tap into the growing trend of paying online with CC's, simular to Paypal's business model only better.
<< <i>Besides, rumor has it VISA is tired of seeing Paypal make the money they do (on their product!) and are advancing with their own formula to tap into the growing trend of paying online with CC's, simular to Paypal's business model only better. >>
Bring it on. I'd love to see a viable alternative to PayPal. There used to be a bunch of them, but one by one they've all dried up.
Comments
Who has a roll (or 2) of ASEs they want to sell?
List 5 with the paypal option, and 5 without.
Also try 5 with it in the discription that an extra 1.5% will be added if paypal is used. And check the results. Same coin, same year, same seller. Even the same set of pictures.
It would be a good test.
pz
(Priest) BLASPHEMY he said it again, did you hear him?
I'd really have to NEED something to bid without PayPal---of coarse, like those who are lazy and semi-rich, I never bother the seller with stupid questions on the issue.
I fully realize that it's up to every seller to decide how to sell their wares. If someone doesn't want to use PayPal, that's their choice. But the choice needs to be made with the realization that going the check or m/o route will put them in a category of sellers from which wary customers simply won't buy -- regardless of how personally trustworthy they may be. Until someone actually has a transaction with you, you're a name on a computer screen to them, and that's all you can be, realistically.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
That said, let's say you sell something for $100. If you accepted paypal, perhaps you got one more bidder to knock it up to $105. After PayPal takes their 2.9% + $.30, your net is 101.66. Perhaps that's not a terribly large amount, but in the long run, it can add up, and perhaps on lower priced items, the additional net will be more than 5%... maybe a few extra bidders bid it to $120 or more.
The point is, mathematically, it doesn't take much of a final price increase for PayPal to be worth it--whether it means breaking even, making a bit more, or perhaps even losing a small amount on some items in the name of giving the customer peace of mind. I'd say some 90%+ of my auctions are paid for with PayPal, many of them within hours of the auctions' close. This means I can print labels quickly, and ship with the items being received in the time it would take for a check to make it to my PO Box. The customer's have peace of mind, they like the fast shipping, and many come back again and again. This all seems worth it to me, but I'm not going to tell anyone how to run their business. That's their choice, and each choice comes with its own ramifications.
Jeremy
BTW, did you ever try out Turbolister?
42/92
2. I love it when buyers use Paypal to pay me. As others have iterated here, the convenience, speed and reliability are well worth the small fees.
3. I have never had one problem with Paypal as either a buyer or a seller.
4. I firmly believe my auctions always average at least 3.0% and usually mulitples thereof since I accept Paypal.
My recommendation for my good collegue MrD is to give it a try for three months and see if it is cost effective.
Doug
Sheesh! If you don't want to bid, don't. What's the need to publicly throw a tantrum about it?
For those who sell a lot of generic coins, I can see the positive aspects of paypal. OTOH, certain items have a small margin and can cost several hundred dollars or more, paypal plus ebay fees can easily mean a net loss.
Bullion comes to mind here. Now lately, the eBay sheep have been bidding crazy numbers, but in the past that simply wasn't true.
When a 100 ounce Englehard silver bar was going for around $700 plus, those fees could easily mean a net loss. Sorry, but I'm not taking a loss just to be convenient to buyers.
In fact, when I'm looking at bullion, I'm surprised to see as many sellers taking paypal as there are. Most who sell larger quantities don't and it's perfectly understood. So I write a check, or I pick up a couple of Postal Money Orders. Sometimes I've gotten some great deals at below spot. I guess I have the snooty crowd who turn up their noses because of no paypal to thank for that.
Still, it's a free country, at least for a while longer. I just don't see the need to get all worked up over it.
Frankly, I'm willing to bet that if it's an item you want badly enough and the price is right for you, even the most vociferous on this thread would find a way to pony up with a check or a money order.
There's a huge liquor store, with several branches, here in Houston. They take CASH!! They list separate prices and if you just have to use a credit card, you'll pay 5-6% more. You'd be surprised at how many people seem to have no problem dealing on a cash only basis and I've seen large purchases for many hundreds of dollars from the majority of the people in line in front of me on a repeating basis. Been that way for years and years now. Convenience to the customer doesn't seem to mean much in their case and they are constantly packed and builiding new stores all the time.
Whatever happened to live and let live?
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>
As a buyer I like paypal, and look for it before bidding. I have bid on and won auctions that I couldn't use it on, and had no problems with the sellers.
Who has a roll (or 2) of ASEs they want to sell?
List 5 with the paypal option, and 5 without.
Also try 5 with it in the discription that an extra 1.5% will be added if paypal is used. And check the results. Same coin, same year, same seller. Even the same set of pictures.
It would be a good test.
pz
>>
No it wouldnt. Even if you run two identical auctions the prices can and will be different. It all depends on who sees the auction and who bids. For this experiment to even be semi-accurate each listing type (with Paypal, without Paypal etc) would need to have a price based on an average. Only then could you compare the benefits and consequences of different TOS.
<< <i>
When a 100 ounce Englehard silver bar was going for around $700 plus, those fees could easily mean a net loss. Sorry, but I'm not taking a loss just to be convenient to buyers. >>
That's a different case, where there's not much profit to be had, and the item is not unique/has a set value. For those auctions, I might not take paypal. But we're talking unique items here, or ones where buyers have a choice to spend a few more dollars for their own convenience, which I'm convinced many do.
<< <i>where buyers have a choice to spend a few more dollars for their own convenience, which I'm convinced many do. >>
There are dozens of buying habits studies that demonstrate precisely that. Beyond the convenience factor increasing realized prices, there is also the impulse buying factor. It's a fact that buyers are willing to stretch a little further when they have the plastic option. These are powerful forces, and the business that ignores this is not maximizing revenue.
Russ, NCNE
Here's another.
peacockcoins
<< <i>There are two sides to every argument.
<a class=ftalternatingbarlinklarge href="http://www.paypalsucks.com/" target=blank>Here's another.</A> >>
PayPalSucks is a sham site. The sole purpose of the site is to sell another service to you. See a critque here.
I'm not suggesting that PayPal is perfect, and that bad things don't happen, or that it's right for every sale. If you've got an item worth thousans (or even into the high hunreds) maybe the math doesn't work for you. I'm not a heavy-hitter that would be bidding on such items, anyway. But if I was, I imagine I'd be doing it through a offline auction, or at a show, where I could get the coin in hand as the transaction ended. Writing a check for that kind of money to a name on a computer screen (any name on a computer screen) doesn't make sense to me.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
<< <i>Interesting point. Can you pick and chose when to take PAYPAL? >>
Sure--choose for each auction. That could be confusing to buyers, though, who don't know when they can or can't pay with PayPal/combine items.
Very rarely have I said no to taking it. But as I mentioned before, I never really see you sell things that are common enough where someone would go elsewhere to buy the same thing.
It's just like high shipping--I'm much more likely to pass on something (in fact, I just did) if there's high shipping in the unlikely event of a return, or if I simply think it's gouging and I don't have to have the item. Same thinking, quick payment which means I get the coin faster can persuade me to bid when I'm on the fence.
"I won't buy on Ebay from any seller that doesn't accept PayPal"
Paypal is not worth it! Who needs it!?
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
I usually agree with Russ, but I only partially agree with this statement.
A. For a generic coin dealer this is nearly 100% true.
B. For a specialty dealer this is not true. Dick is a specialty dealer and that is why he thinks as he does.
Why is B true for some dealers? Simply stated, the coins that Dick offers are unusual and appeal only to a finite audience. Let me give you a perfect example: would accepting PAYPAL increase bids on a MS 65 Walker with crazy color that is selling at $850??? I think not. Quite simply, there is a small, dedicated audience that consistently buy similar unusual coins and they are not influenced by PAYPAL. They are driven solely by an intense -- make that addictive -- desire to own THIS SPECIFIC coin. So, while PAYPAL works wonders and increases sales if you sell brilliant DCAMs, BU frankies, MS 64 Morgans, or other generic coins, it does not increase the sales of someone who sells specialty coins.
BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? Moreover, he would have to back charge it to those who consign to him to cover his costs. Overall, for a specialty dealer, there is NO BENEFIT TO PAYPAL, only less profit.
rainbowroosie April 1, 2003
<< <i>For a specialty dealer this is not true. Dick is a specialty dealer and that is why he thinks as he does. >>
If that were actually true, then no specialty retailer in any industry would accept credit cards. Afterall, why would they do so if it's costing them money instead of making them money? The answer is simple. It's making them money. Every study ever done across all industries proves conclusively that accepting credit cards increases sales more than enough to compensate for the fees.
<< <i>BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? >>
Because if he accepted PayPal, he'd probably get $1100 for the coin. Your "finite" market has plenty of buyers who will stretch a little further if they can put the purchase on plastic. Not only is this common sense, it is demonstrably a fact.
Russ, NCNE
BOTTOM LINE: Along with this, PAYPAL costs the seller. If Dick can get a $1000 for a coin, why should he lose $30?? Moreover, he would have to back charge it to those who consign to him to cover his costs. Overall, for a specialty dealer, there is NO BENEFIT TO PAYPAL, only less profit.
You make some interesting points.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Of course the local business must take credit cards. People are generally leaving with their merchandise immediately. Remember too your CC's are part of the banking sytem, Paypal is not. It's more or less a go between.
On eBay, no matter how you pay, your're not receiving your coins (or whatnot) for a few days, thus the immediacy is negated and the need of paying via Paypal not necessary.
Rainbowroosie provides the winning argument. Between the phishing emails and false chargebacks and fraud I think it's going to get worse way before it ever gets better.
Bottom line: If greattoning's business was not flourishing- with no thanks to Paypal, he wouldn't be as busy as he is selling more coins in a week than most of us here in a month or more.
He's doing a lot right and nothing wrong- including not accepting Paypal.
Besides, rumor has it VISA is tired of seeing Paypal make the money they do (on their product!) and are advancing with their own formula to tap into the growing trend of paying online with CC's, simular to Paypal's business model only better.
peacockcoins
<< <i>Besides, rumor has it VISA is tired of seeing Paypal make the money they do (on their product!) and are advancing with their own formula to tap into the growing trend of paying online with CC's, simular to Paypal's business model only better. >>
Bring it on. I'd love to see a viable alternative to PayPal. There used to be a bunch of them, but one by one they've all dried up.